8-K 1 sac02007.txt DECEMBER 8K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 26, 2002 STRUCTURED ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2002-7 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-82904-04 Pooling and Servicing Agreement) (Commission Pending (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) ITEM 5. Other Events On December 26, 2002 a distribution was made to holders of STRUCTURED ASSET SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2002-7 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-7 Trust, relating to the December 26, 2002 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. STRUCTURED ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2002-7 Trust By: Wells Fargo Bank Minnesota, N.A. as Securities Administrator By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 1/3/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-7 Trust, relating to the December 26, 2002 distribution. EX-99.1

Structured Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 1011/3130/02 Distribution Date: 1112/2526/02 SASC Series: 2002-7 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A1 86358RF93 SEN 6.50000% 7869,~~617~~069,~~649~~319.3574 ~~425~~374,~~845~~125.6048 911,~~548~~348,~~329~~951.6124 A2 86358RG27 SEN 6.50000% 5347,~~783~~435,~~671~~343.6502 ~~291~~256,~~328~~941.2244 67,~~348~~545,~~328~~494.6388 A3 86358RG35 SEN 6.10000% 2422,~~727~~372,~~084~~453.3882 ~~125~~113,~~696~~726.0164 2,~~354~~798,~~630~~666.5621 A4 86358RJ32 SEN 2.~~48000~~03000% 4,~~945~~474,~~416~~490.8876 107,~~220~~569.5335 ~~470~~559,~~926~~733.1124 A5 86358RG43 SEN 6.50000% 30,289,000.00 164,065.42 0.00 A6 86358RG50 SEN 6.50000% 24,000,000.00 130,000.00 0.00 A7 86358RG68 SEN 6.50000% 29,340,000.00 158,925.00 0.00 A8 86358RG76 SEN 6.50000% 560,000.00 3,033.33 0.00 A9 86358RG84 SEN 6.~~02000~~47000% 0.00 24,~~809~~124.5196 0.00 AP 86358RH26 PO 0.00000% 1,~~206~~184,~~992~~551.2873 0.00 2285,~~440~~800.5533 AX 86358RH34 IO 6.50000% 0.00 3128,~~708~~648.1096 0.00 B1 86358RH42 SUB 6.50000% 5,~~219~~215,~~945~~140.5060 28,~~274~~248.7068 4,~~804~~821.9094 B2 86358RH59 SUB 6.50000% 1,~~938~~936,~~581~~796.1369 10,~~500~~490.6598 1,~~784~~790.4477 B3 86358RH67 SUB 6.50000% 1,~~490~~489,~~986~~614.7228 8,~~076~~068.1874 1,~~372~~377.4430 B4 86358RH83 SUB 6.50000% 595,~~797~~249.9047 3,~~227~~224.2427 ~~548~~550.4337 B5 86358RH91 SUB 6.50000% 595,~~797~~249.9047 3,~~227~~224.2427 ~~548~~550.4337 B6 86358RJ24 SUB 6.50000% 600,~~802~~249.0805 3,~~254~~251.3435 ~~553~~554.0396 E SAC02007E SEN 0.00000% 0.00 0.00 0.00 P SAC02007P SEN 0.00000% 0.00 011,241.0066 0.00 PAX 86358RG92 IO 6.50000% 0.00 17,~~068~~054.4115 0.00 R 86358RH75 SEN 6.50000% 0.00 0.1700 0.00 Totals ~~257~~239,~~911~~157,~~725~~458.7763 1,~~439~~345,~~260~~964.6568 1822,~~754~~348,~~267~~291.1361

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 6957,~~069~~720,~~319~~368.7450 911,~~974~~723,~~175~~076.2172 0.00 A2 0.00 4739,~~435~~889,~~343~~848.0214 67,~~639~~802,~~656~~436.8532 0.00 A3 0.00 2219,~~372~~573,~~453~~787.8261 2,~~480~~912,~~326~~392.5785 0.00 A4 0.00 43,~~474~~914,~~490~~757.7652 ~~481~~567,~~146~~302.6459 0.00 A5 0.00 30,289,000.00 164,065.42 0.00 A6 0.00 24,000,000.00 130,000.00 0.00 A7 0.00 29,340,000.00 158,925.00 0.00 A8 0.00 560,000.00 3,033.33 0.00 A9 0.00 0.00 24,~~809~~124.5196 0.00 AP 0.00 1,~~184~~098,~~551~~751.7340 2285,~~440~~800.5533 0.00 AX 0.00 0.00 3128,~~708~~648.1096 0.00 B1 0.00 5,~~215~~210,~~140~~318.6065 33,~~079~~070.6062 0.00 B2 0.00 1,~~936~~935,~~796~~005.6992 12,~~285~~281.0975 0.00 B3 0.00 1,~~489~~488,~~614~~236.2898 9,~~448~~446.6204 0.00 B4 0.00 ~~595~~594,~~249~~699.4710 3,~~775~~774.6764 0.00 B5 0.00 ~~595~~594,~~249~~699.4710 3,~~775~~774.6764 0.00 B6 0.00 ~~600~~599,~~249~~694.0508 3,~~807~~806.3731 0.00 E 0.00 0.00 0.00 0.00 P 0.00 0.00 011,241.0066 0.00 PAX 0.00 0.00 17,~~068~~054.4115 0.00 R 0.00 0.00 0.1700 0.00 Totals 0.00 ~~239~~216,~~157~~809,~~458~~167.6300 2023,~~193~~694,~~527~~256.7829 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A1 100,000,000.00 7869,~~617~~069,~~649~~319.3574 ~~115~~107,~~607~~296.9540 911,~~432~~241,~~721~~654.6584 0.00 0.00 A2 68,000,000.00 5347,~~783~~435,~~671~~343.6502 7671,~~863~~337.4238 67,~~271~~474,~~465~~157.2150 0.00 0.00 A3 30,000,000.00 2422,~~727~~372,~~084~~453.3882 2826,~~509~~459.0743 2,~~326~~772,~~121~~206.4978 0.00 0.00 A4 6,000,000.00 4,~~945~~474,~~416~~490.8876 5,~~701~~291.8189 ~~465~~554,~~224~~441.3036 0.00 0.00 A5 30,289,000.00 30,289,000.00 0.00 0.00 0.00 0.00 A6 24,000,000.00 24,000,000.00 0.00 0.00 0.00 0.00 A7 29,340,000.00 29,340,000.00 0.00 0.00 0.00 0.00 A8 560,000.00 560,000.00 0.00 0.00 0.00 0.00 A9 0.00 0.00 0.00 0.00 0.00 0.00 AP 1,255,114.00 1,~~206~~184,~~992~~551.2873 1,~~198~~185.1524 2184,~~242~~615.4008 0.00 0.00 AX 0.00 0.00 0.00 0.00 0.00 0.00 B1 5,248,000.00 5,~~219~~215,~~945~~140.5060 4,~~804~~821.9094 0.00 0.00 0.00 B2 1,949,000.00 1,~~938~~936,~~581~~796.1369 1,~~784~~790.4477 0.00 0.00 0.00 B3 1,499,000.00 1,~~490~~489,~~986~~614.7228 1,~~372~~377.4430 0.00 0.00 0.00 B4 599,000.00 595,~~797~~249.9047 ~~548~~550.4337 0.00 0.00 0.00 B5 599,000.00 595,~~797~~249.9047 ~~548~~550.4337 0.00 0.00 0.00 B6 604,031.00 600,~~802~~249.0805 ~~553~~554.0396 0.00 0.00 0.00 E 0.00 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 PAX 0.00 0.00 0.00 0.00 0.00 0.00 R 100.00 0.00 0.00 0.00 0.00 0.00 Totals 299,942,245.00 ~~257~~239,~~911~~157,~~725~~458.7763 ~~237~~221,~~492~~216.0705 1822,~~516~~127,~~775~~075.0556 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A1 911,~~548~~348,~~329~~951.6124 6957,~~069~~720,~~319~~368.7450 0.~~69069320~~57720368 911,~~548~~348,~~329~~951.6124 A2 67,~~348~~545,~~328~~494.6388 4739,~~435~~889,~~343~~848.0214 0.~~69757857~~58661541 67,~~348~~545,~~328~~494.6388 A3 2,~~354~~798,~~630~~666.5621 2219,~~372~~573,~~453~~787.8261 0.~~74574846~~65245959 2,~~354~~798,~~630~~666.5621 A4 ~~470~~559,~~926~~733.1124 43,~~474~~914,~~490~~757.7652 0.~~74574846~~65245959 ~~470~~559,~~926~~733.1124 A5 0.00 30,289,000.00 1.00000000 0.00 A6 0.00 24,000,000.00 1.00000000 0.00 A7 0.00 29,340,000.00 1.00000000 0.00 A8 0.00 560,000.00 1.00000000 0.00 A9 0.00 0.00 0.00000000 0.00 AP 2285,~~440~~800.5533 1,~~184~~098,~~551~~751.7340 0.~~94378019~~87541960 2285,~~440~~800.5533 AX 0.00 0.00 0.00000000 0.00 B1 4,~~804~~821.9094 5,~~215~~210,~~140~~318.6065 0.~~99373868~~99281986 4,~~804~~821.9094 B2 1,~~784~~790.4477 1,~~936~~935,~~796~~005.6992 0.~~99373868~~99281987 1,~~784~~790.4477 B3 1,~~372~~377.4430 1,~~489~~488,~~614~~236.2898 0.~~99373868~~99281987 1,~~372~~377.4430 B4 ~~548~~550.4337 ~~595~~594,~~249~~699.4710 0.~~99373868~~99281987 ~~548~~550.4337 B5 ~~548~~550.4337 ~~595~~594,~~249~~699.4710 0.~~99373868~~99281987 ~~548~~550.4337 B6 ~~553~~554.0396 ~~600~~599,~~249~~694.0508 0.~~99373881~~99282004 ~~553~~554.0396 E 0.00 0.00 0.00000000 0.00 P 0.00 0.00 0.00000000 0.00 PAX 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 1822,~~754~~348,~~267~~291.1361 ~~239~~216,~~157~~809,~~458~~167.6300 0.~~79734503~~72283638 1822,~~754~~348,~~267~~291.1361

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 100,000,000.00 ~~786~~690.~~17649350~~69319740 1.~~15607950~~07296400 94112.~~32721650~~41654840 0.00000000 A2 68,000,000.00 ~~790~~697.~~93634779~~57857382 1.~~13034441~~04907912 92109.~~22742956~~91408088 0.00000000 A3 30,000,000.00 ~~824~~745.~~23614600~~74846067 0.~~95030233~~88198100 7792.~~53738300~~40689267 0.00000000 A4 6,000,000.00 ~~824~~745.~~23614667~~74846000 0.~~95030167~~88198167 7792.~~53738333~~40689333 0.00000000 A5 30,289,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A6 24,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A7 29,340,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A8 560,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A9 0.00 0.00000000 0.00000000 0.00000000 0.00000000 AP 1,255,114.00 ~~961~~943.~~65948272~~78019048 0.~~95461448~~94432856 1667.~~92467776~~41625064 0.00000000 AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B1 5,248,000.00 ~~994~~993.~~65424924~~73868140 0.~~91556784~~91881479 0.00000000 0.00000000 B2 1,949,000.00 ~~994~~993.~~65424833~~73868138 0.~~91556696~~91881478 0.00000000 0.00000000 B3 1,499,000.00 ~~994~~993.~~65424950~~73867912 0.~~91557038~~91881254 0.00000000 0.00000000 B4 599,000.00 ~~994~~993.~~65425710~~73868114 0.~~91557596~~91881469 0.00000000 0.00000000 B5 599,000.00 ~~994~~993.~~65425710~~73868114 0.~~91557596~~91881469 0.00000000 0.00000000 B6 604,031.00 ~~994~~993.~~65438032~~73881473 0.~~91556559~~91876079 0.00000000 0.00000000 E 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000 PAX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A1 0.00000000 95113.~~48329610~~48951240 ~~690~~577.~~69319740~~20368500 0.~~69069320~~57720368 95113.~~48329610~~48951240 A2 0.00000000 93110.~~35777397~~96316000 ~~697~~586.~~57857382~~61541382 0.~~69757857~~58661541 93110.~~35777397~~96316000 A3 0.00000000 7893.~~48768533~~28887367 ~~745~~652.~~74846067~~45958700 0.~~74574846~~65245959 7893.~~48768533~~28887367 A4 0.00000000 7893.~~48768500~~28887333 ~~745~~652.~~74846000~~45958667 0.~~74574846~~65245959 7893.~~48768500~~28887333 A5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A9 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 AP 0.00000000 1768.~~87929224~~36058717 ~~943~~875.~~78019048~~41960332 0.~~94378019~~87541960 1768.~~87929224~~36058717 AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B1 0.00000000 0.~~91556784~~91881479 ~~993~~992.~~73868140~~81986471 0.~~99373868~~99281986 0.~~91556784~~91881479 B2 0.00000000 0.~~91556696~~91881478 ~~993~~992.~~73868138~~81986660 0.~~99373868~~99281987 0.~~91556696~~91881478 B3 0.00000000 0.~~91557038~~91881254 ~~993~~992.~~73867912~~81986658 0.~~99373868~~99281987 0.~~91557038~~91881254 B4 0.00000000 0.~~91557596~~91881469 ~~993~~992.~~73868114~~81986644 0.~~99373868~~99281987 0.~~91557596~~91881469 B5 0.00000000 0.~~91557596~~91881469 ~~993~~992.~~73868114~~81986644 0.~~99373868~~99281987 0.~~91557596~~91881469 B6 0.00000000 0.~~91556559~~91876079 ~~993~~992.~~73881473~~82003738 0.~~99373881~~99282004 0.~~91556559~~91876079 E 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 PAX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A1 100,000,000.00 6.50000% 7869,~~617~~069,~~649~~319.3574 ~~425~~374,~~845~~125.6048 0.00 0.00 A2 68,000,000.00 6.50000% 5347,~~783~~435,~~671~~343.6502 ~~291~~256,~~328~~941.2244 0.00 0.00 A3 30,000,000.00 6.10000% 2422,~~727~~372,~~084~~453.3882 ~~125~~113,~~696~~726.0164 0.00 0.00 A4 6,000,000.00 2.~~48000~~03000% 4,~~945~~474,~~416~~490.8876 107,~~220~~569.5335 0.00 0.00 A5 30,289,000.00 6.50000% 30,289,000.00 164,065.42 0.00 0.00 A6 24,000,000.00 6.50000% 24,000,000.00 130,000.00 0.00 0.00 A7 29,340,000.00 6.50000% 29,340,000.00 158,925.00 0.00 0.00 A8 560,000.00 6.50000% 560,000.00 3,033.33 0.00 0.00 A9 0.00 6.~~02000~~47000% 4,~~945~~474,~~416~~490.8876 24,~~809~~124.5196 0.00 0.00 AP 1,255,114.00 0.00000% 1,~~206~~184,~~992~~551.2873 0.00 0.00 0.00 AX 0.00 6.50000% 5,~~853~~289,~~802~~038.3459 3128,~~708~~648.1096 0.00 0.00 B1 5,248,000.00 6.50000% 5,~~219~~215,~~945~~140.5060 28,~~274~~248.7068 0.00 0.00 B2 1,949,000.00 6.50000% 1,~~938~~936,~~581~~796.1369 10,~~500~~490.6598 0.00 0.00 B3 1,499,000.00 6.50000% 1,~~490~~489,~~986~~614.7228 8,~~076~~068.1874 0.00 0.00 B4 599,000.00 6.50000% 595,~~797~~249.9047 3,~~227~~224.2427 0.00 0.00 B5 599,000.00 6.50000% 595,~~797~~249.9047 3,~~227~~224.2427 0.00 0.00 B6 604,031.00 6.50000% 600,~~802~~249.0805 3,~~254~~251.3435 0.00 0.00 E 0.00 0.00000% 0.00 0.00 0.00 0.00 P 0.00 0.00000% 0.00 0.00 0.00 0.00 PAX 0.00 6.50000% 3,~~151~~148,~~090~~458.7323 17,~~068~~054.4115 0.00 0.00 R 100.00 6.50000% 0.00 0.00 0.00 0.00 Totals 299,942,245.00 1,~~439~~334,~~260~~723.4802 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A1 0.00 0.00 ~~425~~374,~~845~~125.6048 0.00 6957,~~069~~720,~~319~~368.7450 A2 0.00 0.00 ~~291~~256,~~328~~941.2244 0.00 4739,~~435~~889,~~343~~848.0214 A3 0.00 0.00 ~~125~~113,~~696~~726.0164 0.00 2219,~~372~~573,~~453~~787.8261 A4 0.00 0.00 107,~~220~~569.5335 0.00 43,~~474~~914,~~490~~757.7652 A5 0.00 0.00 164,065.42 0.00 30,289,000.00 A6 0.00 0.00 130,000.00 0.00 24,000,000.00 A7 0.00 0.00 158,925.00 0.00 29,340,000.00 A8 0.00 0.00 3,033.33 0.00 560,000.00 A9 0.00 0.00 24,~~809~~124.5196 0.00 43,~~474~~914,~~490~~757.7652 AP 0.00 0.00 0.00 0.00 1,~~184~~098,~~551~~751.7340 AX 0.00 0.00 3128,~~708~~648.1096 0.00 54,~~289~~762,~~038~~970.5931 B1 0.00 0.00 28,~~274~~248.7068 0.00 5,~~215~~210,~~140~~318.6065 B2 0.00 0.00 10,~~500~~490.6598 0.00 1,~~936~~935,~~796~~005.6992 B3 0.00 0.00 8,~~076~~068.1874 0.00 1,~~489~~488,~~614~~236.2898 B4 0.00 0.00 3,~~227~~224.2427 0.00 ~~595~~594,~~249~~699.4710 B5 0.00 0.00 3,~~227~~224.2427 0.00 ~~595~~594,~~249~~699.4710 B6 0.00 0.00 3,~~254~~251.3435 0.00 ~~600~~599,~~249~~694.0508 E 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 011,241.0066 0.00 0.00 PAX 0.00 0.00 17,~~068~~054.4115 0.00 3,~~148~~129,~~458~~976.2326 R 0.00 0.00 0.1700 0.00 0.00 Totals 0.00 0.00 1,~~439~~345,~~260~~964.6568 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A1 100,000,000.00 6.50000% ~~786~~690.~~17649350~~69319740 43.~~25845600~~74125480 0.00000000 0.00000000 A2 68,000,000.00 6.50000% ~~790~~697.~~93634779~~57857382 43.~~28423853~~77855059 0.00000000 0.00000000 A3 30,000,000.00 6.10000% ~~824~~745.~~23614600~~74846067 43.~~18986700~~79088800 0.00000000 0.00000000 A4 6,000,000.00 2.~~48000~~03000% ~~824~~745.~~23614667~~74846000 1.~~70342167~~26155833 0.00000000 0.00000000 A5 30,289,000.00 6.50000% 1000.00000000 5.41666678 0.00000000 0.00000000 A6 24,000,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000 A7 29,340,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000 A8 560,000.00 6.50000% 1000.00000000 5.41666071 0.00000000 0.00000000 A9 0.00 6.~~02000~~47000% ~~824~~745.~~23614667~~74846000 4.~~13491833~~02082667 0.00000000 0.00000000 AP 1,255,114.00 0.00000% ~~961~~943.~~65948272~~78019048 0.00000000 0.00000000 0.00000000 AX 0.00 6.50000% ~~714~~645.~~65329721~~70490219 3.~~87103918~~49756834 0.00000000 0.00000000 B1 5,248,000.00 6.50000% ~~994~~993.~~65424924~~73868140 5.~~38770960~~38275152 0.00000000 0.00000000 B2 1,949,000.00 6.50000% ~~994~~993.~~65424833~~73868138 5.~~38771165~~38275013 0.00000000 0.00000000 B3 1,499,000.00 6.50000% ~~994~~993.~~65424950~~73867912 5.~~38771181~~38274850 0.00000000 0.00000000 B4 599,000.00 6.50000% ~~994~~993.~~65425710~~73868114 5.~~38771285~~38275459 0.00000000 0.00000000 B5 599,000.00 6.50000% ~~994~~993.~~65425710~~73868114 5.~~38771285~~38275459 0.00000000 0.00000000 B6 604,031.00 6.50000% ~~994~~993.~~65438032~~73881473 5.~~38770361~~38275353 0.00000000 0.00000000 E 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 PAX 0.00 6.50000% ~~971~~970.~~31474500~~50328437 5.~~26128878~~25689318 0.00000000 0.00000000 R 100.00 6.50000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A1 0.00000000 0.00000000 43.~~25845600~~74125480 0.00000000 ~~690~~577.~~69319740~~20368500 A2 0.00000000 0.00000000 43.~~28423853~~77855059 0.00000000 ~~697~~586.~~57857382~~61541382 A3 0.00000000 0.00000000 43.~~18986700~~79088800 0.00000000 ~~745~~652.~~74846067~~45958700 A4 0.00000000 0.00000000 1.~~70342167~~26155833 0.00000000 ~~745~~652.~~74846000~~45958667 A5 0.00000000 0.00000000 5.41666678 0.00000000 1000.00000000 A6 0.00000000 0.00000000 5.41666667 0.00000000 1000.00000000 A7 0.00000000 0.00000000 5.41666667 0.00000000 1000.00000000 A8 0.00000000 0.00000000 5.41666071 0.00000000 1000.00000000 A9 0.00000000 0.00000000 4.~~13491833~~02082667 0.00000000 ~~745~~652.~~74846000~~45958667 AP 0.00000000 0.00000000 0.00000000 0.00000000 ~~943~~875.~~78019048~~41960332 AX 0.00000000 0.00000000 3.~~87103918~~49756834 0.00000000 ~~645~~581.~~70490219~~48058968 B1 0.00000000 0.00000000 5.~~38770960~~38275152 0.00000000 ~~993~~992.~~73868140~~81986471 B2 0.00000000 0.00000000 5.~~38771165~~38275013 0.00000000 ~~993~~992.~~73868138~~81986660 B3 0.00000000 0.00000000 5.~~38771181~~38274850 0.00000000 ~~993~~992.~~73867912~~81986658 B4 0.00000000 0.00000000 5.~~38771285~~38275459 0.00000000 ~~993~~992.~~73868114~~81986644 B5 0.00000000 0.00000000 5.~~38771285~~38275459 0.00000000 ~~993~~992.~~73868114~~81986644 B6 0.00000000 0.00000000 5.~~38770361~~38275353 0.00000000 ~~993~~992.~~73881473~~82003738 E 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 PAX 0.00000000 0.00000000 5.~~26128878~~25689318 0.00000000 ~~970~~964.~~50328437~~80626975 R 0.00000000 0.00000000 10.~~70000000~~00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 1923,~~000~~711,~~977~~483.6897 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 121,~~246,281~~355.5617 Realized Losses 0.00 Prepayment Penalties 011,241.0066 Total Deposits 2023,~~247~~744,~~259~~080.2480 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 5349,~~731~~824.4651 Payment of Interest and Principal 2023,~~193~~694,~~527~~256.7829 Total Withdrawals (Pool Distribution Amount) 2023,~~247~~744,~~259~~080.2480 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 5349,~~731~~824.4651 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 5349,~~731~~824.4651

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days ~~427~~8 0 0 0 ~~427~~8 ~~186~~3,~~567~~056,~~370~~332.6008 0.00 0.00 0.00 ~~186~~3,~~567~~056,~~370~~332.6008 60 Days 100 0 0 0 100 ~~4,354,900~~0.7800 0.00 0.00 0.00 ~~4,354,900~~0.7800 90 Days 10 0 0 0 10 ~~460,687~~0.1600 0.00 0.00 0.00 ~~460,687~~0.1600 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals ~~438~~8 0 0 0 ~~438~~8 ~~191~~3,~~382~~056,~~958~~332.5408 0.00 0.00 0.00 ~~191~~3,~~382~~056,~~958~~332.5408 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 781.~~348624~~609658% 0.000000% 0.000000% 0.000000% 781.~~348624~~609658% 771.~~952318~~408620% 0.000000% 0.000000% 0.000000% 771.~~952318~~408620% 60 Days 10.~~834862~~000000% 0.000000% 0.000000% 0.000000% 10.~~834862~~000000% 10.~~819582~~000000% 0.000000% 0.000000% 0.000000% 10.~~819582~~000000% 90 Days 0.~~183486~~000000% 0.000000% 0.000000% 0.000000% 0.~~183486~~000000% 0.~~192486~~000000% 0.000000% 0.000000% 0.000000% 0.~~192486~~000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 801.~~366972~~609658% 0.000000% 0.000000% 0.000000% 801.~~366972~~609658% 791.~~964386~~408620% 0.000000% 0.000000% 0.000000% 791.~~964386~~408620%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 121,~~246,281~~355.5617

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.03333975% 100,000.00 0.~~04181346~~04612351% Fraud 5,998,845.00 2.00000003% 5,998,845.00 2.~~50832445~~76687793% Special Hazard 2,999,423.00 1.00000018% 2,~~905~~894,~~799~~869.8214 1.~~21501534~~33521529% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description Mixed Fixed Ratio Strip Weighted Average Gross Coupon 6.~~946526~~947126% Weighted Average Pass-Through Rate 6.~~696527~~697126% Weighted Average Maturity(Stepdown Calculation ) ~~345~~344 Beginning Scheduled Collateral Loan Count ~~584~~545 Number Of Loans Paid In Full 3948 Ending Scheduled Collateral Loan Count ~~545~~497 Beginning Scheduled Collateral Balance ~~257~~239,~~911~~157,~~725~~458.7057 Ending Scheduled Collateral Balance ~~239~~216,~~157~~809,~~458~~166.5792 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2002 ~~239~~216,~~335~~973,~~244~~465.7617 Monthly P &I Constant 1,~~730~~605,~~484~~763.1960 Special Servicing Fee 0.00 Prepayment Penalties 011,241.0066 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 2023,~~104~~531,~~915~~060.0331 Class AP Deferred Amount 0.00 Scheduled Principal ~~237~~221,~~492~~216.0810 Unscheduled Principal 1822,~~516~~127,~~775~~075.0555

Filing Compare · STRUCTURED ASSET SEC CORP MORT PASS THR CERTS SER 2002 7